Malta International Airport plc - 2020 Forecasts & Terminal Expansion Project

On 29 January 2020, Malta International Airport plc announced that it is expecting an increase of 2% to 3% in passenger movements in 2020 to a new record of 7.5 million passengers (compared to 7.31 million in 2019). Furthermore, the airport operator set out the following financial targets for the 2020 financial year: revenues of over €102 million; an EBITDA of over €64 million; a net profit of over €35 million; and capital investments of €23 million.

MIA also unveiled its long-term vision for the airport, revealing details of an investment of circa €100 million in a terminal expansion. The project will see the terminal building doubling its footprint size to around 31,200 sqm, focusing on the improvement of passenger experience and airport processes at key points, most notably within the Check-in Hall, the Security Screening Area, and at the departure gates. In this respect, MIA added that it will shortly be issuing a call for architects to submit detailed design proposals and phasing plans for the Terminal Expansion Project. Other important projects such as the development of Apron X and the development of SkyParks II are also in the pipeline and in fact, a call for proposals for a hospitality partner to run the hotel which will form part of the SkyParks campus was issued earlier this week.